Janet Yellen said that “the economic outlook has not changed much” in the United States.
The president of the Fed estimated mercredin that “the economic outlook has not changed much” in the United States.
Those hoping an inflection of speech of the Federal Reserve (Fed ) about a future rise in interest rates, whereas the signs of recovery in the United States are increasing, will be for their expenses.
Wednesday, September 17, the Fed is still camped on its positions, whereas the cost of money will remain close to zero even for “a considerable period of time” after redemptions of Treasury bonds and mortgage-backed securities that were used to support the economy.
The Fed announced that these measures of “quantitative easing” would end in October, but on a rate hike, its position has not changed. Despite a growth of 4.2% in the second quarter and the unemployment rate fell to 6.1% in August, the Fed believes that “the economic outlook has not changed much” since the last meeting of the Monetary Policy Committee, late July, said Janet Yellen, in a press conference.
“THE UNEMPLOYMENT RATE HAS CHANGED LITTLE”
“The economy is growing at a moderate pace “, said the Monetary Policy Committee in a statement. “Conditions in the labor market continued to improve but the unemployment rate has changed little and a series of labor market indicators suggest significant under-capacity utilization,” said the Fed in a statement. At 6.1%, the unemployment rate is still in effect above the level …
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